McCormick & Company Statistics
Total Valuation
MKC has a market cap or net worth of $19.77 billion. The enterprise value is $24.06 billion.
| Market Cap | 19.77B |
| Enterprise Value | 24.06B |
Important Dates
The last earnings date was Thursday, June 27, 2024, before market open.
| Earnings Date | Jun 27, 2024 |
| Ex-Dividend Date | Jul 8, 2024 |
Share Statistics
MKC has 268.59 million shares outstanding. The number of shares has increased by 0.07% in one year.
| Shares Outstanding | 268.59M |
| Shares Change (YoY) | +0.07% |
| Shares Change (QoQ) | +0.04% |
| Owned by Insiders (%) | 0.02% |
| Owned by Institutions (%) | 88.65% |
| Float | n/a |
Valuation Ratios
The trailing PE ratio is 26.86 and the forward PE ratio is 24.81. MKC's PEG ratio is 2.48.
| PE Ratio | 26.86 |
| Forward PE | 24.81 |
| PS Ratio | 2.96 |
| Forward PS | 2.89 |
| PB Ratio | 3.71 |
| P/FCF Ratio | 22.75 |
| PEG Ratio | 2.48 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 19.11, with an EV/FCF ratio of 27.69.
| EV / Earnings | 35.95 |
| EV / Sales | 3.60 |
| EV / EBITDA | 19.11 |
| EV / EBIT | 22.84 |
| EV / FCF | 27.69 |
Financial Position
The company has a current ratio of 0.69, with a Debt / Equity ratio of 0.84.
| Current Ratio | 0.69 |
| Quick Ratio | 0.26 |
| Debt / Equity | 0.84 |
| Debt / EBITDA | 3.55 |
| Debt / FCF | 5.14 |
| Interest Coverage | 5.05 |
Financial Efficiency
Return on equity (ROE) is 13.00% and return on invested capital (ROIC) is 8.17%.
| Return on Equity (ROE) | 13.00% |
| Return on Assets (ROA) | 5.20% |
| Return on Capital (ROIC) | 8.17% |
| Revenue Per Employee | $484,304 |
| Profits Per Employee | $48,507 |
| Employee Count | 13,800 |
| Asset Turnover | 0.52 |
| Inventory Turnover | 3.40 |
Taxes
In the past 12 months, MKC has paid $175.60 million in taxes.
| Income Tax | 175.60M |
| Effective Tax Rate | 20.78% |
Stock Price Statistics
The stock price has decreased by -14.49% in the last 52 weeks. The beta is 0.75, so MKC's price volatility has been lower than the market average.
| Beta (5Y) | 0.75 |
| 52-Week Price Change | -14.49% |
| 50-Day Moving Average | 71.31 |
| 200-Day Moving Average | 68.90 |
| Relative Strength Index (RSI) | 61.21 |
| Average Volume (20 Days) | 2,403,267 |
Short Selling Information
The latest short interest is 5.48 million, so 2.04% of the outstanding shares have been sold short.
| Short Interest | 5.48M |
| Short Previous Month | 5.87M |
| Short % of Shares Out | 2.04% |
| Short % of Float | n/a |
| Short Ratio (days to cover) | 2.36 |
Income Statement
In the last 12 months, MKC had revenue of $6.68 billion and earned $669.40 million in profits. Earnings per share was $2.74.
| Revenue | 6.68B |
| Gross Profit | 2.54B |
| Operating Income | 1.01B |
| Pretax Income | 845.00M |
| Net Income | 669.40M |
| EBITDA | 1.26B |
| EBIT | 1.05B |
| Earnings Per Share (EPS) | $2.74 |
Balance Sheet
The company has $166.30 million in cash and $4.46 billion in debt, giving a net cash position of -$4.30 billion or -$16.00 per share.
| Cash & Cash Equivalents | 166.30M |
| Total Debt | 4.46B |
| Net Cash | -4.30B |
| Net Cash Per Share | -$16.00 |
| Equity (Book Value) | 5.33B |
| Book Value Per Share | 19.83 |
| Working Capital | -914.90M |
Cash Flow
In the last 12 months, operating cash flow was $1.14 billion and capital expenditures -$275.60 million, giving a free cash flow of $869.00 million.
| Operating Cash Flow | 1.14B |
| Capital Expenditures | -275.60M |
| Free Cash Flow | 869.00M |
| FCF Per Share | $3.24 |
Margins
Gross margin is 38.05%, with operating and profit margins of 15.11% and 10.02%.
| Gross Margin | 38.05% |
| Operating Margin | 15.11% |
| Pretax Margin | 12.64% |
| Profit Margin | 10.02% |
| EBITDA Margin | 18.84% |
| EBIT Margin | 15.76% |
| FCF Margin | 13.00% |
Dividends & Yields
This stock pays an annual dividend of $1.68, which amounts to a dividend yield of 2.28%.
| Dividend Per Share | $1.68 |
| Dividend Yield | 2.28% |
| Dividend Growth (YoY) | 7.14% |
| Years of Dividend Growth | 37 |
| Payout Ratio | 61.31% |
| Buyback Yield | -0.07% |
| Shareholder Yield | 2.21% |
| Earnings Yield | 3.39% |
| FCF Yield | 4.40% |
Analyst Forecast
The average price target for MKC is $75.67, which is 2.83% higher than the current price. The consensus rating is "Hold".
| Price Target | $75.67 |
| Price Target Difference | 2.83% |
| Analyst Consensus | Hold |
| Analyst Count | 10 |
| Revenue Growth Forecast (5Y) | 2.98% |
| EPS Growth Forecast (5Y) | 8.83% |
Stock Splits
The last stock split was on December 1, 2020. It was a forward split with a ratio of 2:1.
| Last Split Date | Dec 1, 2020 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
MKC has an Altman Z-Score of 2.63 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 2.63 |
| Piotroski F-Score | 7 |